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Colleen C. Davis
State Treasurer


Cash Management Policy Board Meetings and Materials



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2024

AGENDA

I. Introductions

II. Approval of the Minutes – November 8, 2023

III. Resolution Establishing Banking Subcommittee Charter Discussion and Potential Vote

IV. Election of Vice Chair Discussion and Potential Vote

V. General and Local Banking Projects Discussion

A. General and Local Banking Project Update

B. Local Banking Project Update

C. Local Banking Accounts Discussion

VI. Merchant Services and Payment Card Industry Data Security Standards (“PCI-DSS”) Compliance Discussion

A. Fiserv Migration Project Update

B. PCI-DSS Compliance Project Update

C. Digital Government Project Update

VII. Electronic Payment Consulting Services (PCI Consultant) RFP Discussion and Potential Vote

VIII. Other Matters of the Subcommittee

IX. Public Comment

X. Executive Session – None Scheduled

XI. Next Meeting

A. The next full Board meeting is scheduled for March 13, 2024

B. The next Banking Subcommittee meeting is scheduled for May 8, 2024

XII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – November 1, 2023

III. Resolution Establishing Subcommittee Charters Discussion and Potential Vote

IV. Election of Vice Chair Discussion and Potential Vote

V. ARPA Fund Update

VI. Vanguard Group, Inc. Assignment Discussion and Potential Vote

VII. Other Matters of the Subcommittee

VIII. Public Comment

IX. Executive Session

A. None scheduled

X. Next Meeting

A. The next full Board meeting is scheduled for March 13, 2024

B. The next Investment Subcommittee meeting is scheduled for May 1, 2024

XI. Adjournment

2023

AGENDA

I. Introductions

II. Approval of the Minutes – September 6, 2023

III. Resolution Establishing Subcommittee Charters Discussion

IV. Resolution Establishing Governance Discussion

V. Investment Subcommittee Report

A. NEPC Performance Report

1. Presentation and Discussion of the 2023 3rd Quarter Investment Performance Analysis

B. Rainy Day and Budget Stabilization Memos Discussion and Vote

C. Investment Guideline Changes Discussion

D. Resolution No. 2023- [2] Further Amending Investment Architecture for the State’s Cash Accounts Discussion and Vote

E. ARPA Fund Update

VI. Banking Subcommittee Report

A. General and Local Banking Projects Discussion and Vote

B. General Banking Project Update

C. Local Banking Project Update and Vote

D. Outside Bank Accounts Discussion

1. Legacy Accounts

2. Local Banking Accounts

3. Delaware Capital Access Program (“DCAP”) Exception Discussion

E. Banking Contract Extensions Discussion and Vote

1. CampusGuard Contract Extension and Vote

2. Govolution Contract Extension Discussion and Vote

3. US Bank Contract Extension Discussion and Vote

F. Merchant Services and Payment Card Industry Data Security Standards (“PCI-DSS”) Compliance Discussion

1. Fiserv Migration Project Update

2. PCI-DSS Compliance Project Update

3. Digital Government Project Update

VII. Annual Report

VIII. Review of 2024 & 2025 Calendar Dates

IX. Other Matters of the Board

X. Public Comment

XI. Executive Session

A. None scheduled

XII. Next Meetings

A. The next full Board meeting is scheduled for March 13, 2024.

B. The next Investment Subcommittee meeting is scheduled for February 7, 2024.

C. The next Banking Subcommittee meeting is scheduled for February 14, 2024.

XIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – August 9, 2023

III. Resolution Establishing Banking Subcommittee Charter Discussion and Vote

IV. General and Local Banking Projects Discussion and Vote

A. General Banking Project Update

B. Local Banking Project Update and Vote

V. Outside Bank Accounts Discussion and Potential Vote

A. Legacy Accounts

B. Local Banking Accounts

VI. Delaware Capital Access Program Exception Discussion and Potential Vote

VII. Banking Contract Extensions Discussion and Vote

A. CampusGuard Contract Extension and Vote

B. Govolution Contract Extension Discussion and Vote

C. US Bank Contract Extension Discussion and Vote

VIII. Merchant Services and Payment Card Industry Data Security Standards (“PCI-DSS”) Compliance Discussion

A. Fiserv Migration Project Update

B. PCI-DSS Compliance Project Update

C. Digital Government Project Update

IX. Other Matters of the Subcommittee

X. Public Comment

XI. Executive Session – None Scheduled

XII. Next Meeting

A. The next full Board meeting is scheduled for December 14, 2023

B. The next Banking Subcommittee meeting is scheduled for February 14, 2024

XIII. Adjournment

Agenda

I. Introductions

II. Approval of the Minutes – August 2, 2023

III. Investment Architecture Allocation Discussion and Potential Vote

IV. Resolution Establishing Subcommittee Charters Discussion and Vote

V. Rainy Day and Budget Stabilization Memos Discussion and Potential Vote

VI. Regarding Recommendation for Investment Guideline Changes Discussion and Potential Vote

VII. ARPA Fund Update

VIII. Other Matters of the Subcommittee

IX. Public Comment

X. Executive Session

A. None scheduled

XI. Next Meeting

A. The next full Board meeting is scheduled for December 13, 2023

B. The next Investment Subcommittee meeting is scheduled for February 7, 2024

XII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – June 7, 2023

III. Investment Subcommittee Report

A. NEPC Performance Report

1. Presentation and Discussion of the 2023 2nd Quarter Investment Performance Analysis

B. 2023 Liquidity & Reserve Manager Due Diligence Meetings Discussion

C. Architecture Allocation Discussion

D. Discussion and Potential Vote Regarding Documentation of Allocation Changes

E. Liquidity & Reserve Managers Contract Extension Discussion and Vote

F. American Rescue Plan Act (ARPA) Fund Update

IV. Banking Subcommittee Report

A. General and Local Banking Projects Discussion and Vote

B. General Banking Project Update

C. Local Banking Project Update

D. Local Banking Contract Extensions Discussion and Vote

E. Merchant Services and Payment Card Industry Data Security Standards (“PCI-DSS”) Compliance Discussion

F. Fiserv Migration Project Update

G. PCI-DSS Compliance Project Update

H. Digital Government Project Update

V. Other Matters of the Board

VI. Public Comment

VII. Executive Session

A. None scheduled

VIII. Next Meetings

A. The next full Board meeting is scheduled for December 14, 2023.

B. The next Investment Subcommittee meeting is scheduled for November 1, 2023.

C. The next Banking Subcommittee meeting is scheduled for November 8, 2023.

IX. Adjournment

AGENDA

  1. Introductions
  2. Approval of the Minutes – May 10, 2023
  3. General and Local Banking Projects Discussion and Vote
    1. General Banking Project Update
    2. Local Banking Project Update
    3. Local Banking Contract Extensions Discussion and Vote
  4. Merchant Services and Payment Card Industry Data Security Standards (“PCI-DSS”) Compliance Discussion
    1. Fiserv Migration Project Update
    2. PCI-DSS Compliance Project Update
    3. Digital Government Project Update
  5. Other Matters of the Subcommittee
  6. Public Comment
  7. Executive Session – None Scheduled
  8. Next Meeting
    • The next full Board meeting is scheduled for September 6, 2023.
    • The next Banking Subcommittee meeting is scheduled for November 8, 2023.
  9. Adjornment

AGENDA

  1. Introductions
  2. Approval of the Minutes –  May 3, 2023
  3. 2023 Liquidity & Reserve Manager Due Diligence Meetings Discussion and Potential Vote
    1. Memo
    2. Recommended Guideline Enhancements
  4. Architecture Allocation Discussion
  5. Discussion and Vote Regarding Documentation of Allocation Changes
  6. Liquidity & Reserve Managers Contract Extension Discussion and Vote
  7. ARPA Fund Update
  8. Other Matters of the Subcommittee
  9. Public Comment
  10. Executive Session
  11. Next Meeting
  12. Adjournment

AGENDA

I. Introductions

A. Organization Chart

II. Approval of the Minutes – February 8, 2023

III. Investment Subcommittee Report

A. NEPC Performance Report

1. Presentation and discussion of the 2023 1st Quarter Investment Performance Analysis

B. School and Special Fund Rate Calculation (SSF) Discussion and Update

C. Architecture Allocation Discussion and Vote

D. Cares Act Fund Discussion and Update

E. American Rescue Plan Act (ARPA) Fund Discussion and Update

IV. Banking Subcommittee Report

A. General Banking Discussion

B. Local Banking Project Update

C. Merchant Services Discussion and Vote

1. Fiserv Migration Project Update

2. PCI Compliance Project Update

3. Digital Government Project Update

4. Govolution Extension Discussion and Vote

V. Recognition of Service and New Members

VI. Other Matters of the Board

VII. Public Comment

VIII. Executive Session – None scheduled

IX. Next Meetings

A. The next full Board meeting is scheduled for September 6, 2023.

B. The next Investment Subcommittee meeting is scheduled for August 2, 2023.

C. The next Banking Subcommittee meeting is scheduled for August 9, 2023.

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – January 25, 2023

III. General Banking Project Discussion

IV. Local Banking Project Discussion & Vote

A. Capital School District “CSD” DelOne Student Banking Contract Discission and Vote

B. Local Banking Project Update

V. Merchant Services Discussion and Vote

A. Fiserv Migration Project Update

B. PCI Compliance Project Update

C. Digital Government Project Update

D. Govolution Extension Discussion and Vote

VI. Other Matters of the Subcommittee

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – January 18, 2023

III. School and Special Fund Rate Calculation (SSF) Discussion and Potential Vote

IV. Architecture Allocation Discussion and Vote

V. Cares Act Fund Discussion and Update

VI. American Rescue Plan Act (ARPA) Fund Discussion and Update

VII. Other Matters of the Subcommittee

VIII. Public Comment

IX. Executive Session

X. Next Meeting

XI. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – December 14, 2022

III. Banking Subcommittee Report

A. General Banking Discussion

B. Merchant Services Discussion and Vote – PCI DSS Compliance

IV. Investment Subcommittee Report

A. NEPC Performance Report

B. Investment Architecture Allocation Discussion and Vote

V. June 2023 Board Meeting – In Person

VI. Updated 2023 CMPB Calendar Dates

VII. Change from Simbli and Adobe Sign for Meeting Minutes

VIII. Other Matters of the Board

IX. Public Comment

X. Executive Session

XI. Next Meeting

XII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – November 9, 2022

III. General Banking Discussion

IV. Merchant Services Discussion

A. PCI DSS Compliance Project Update and Vote

V. Other Matters of the Subcommittee

VI. Public Comment

VII. Executive Session

VIII. Next Meeting

IX. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – November 2, 2022

III. Proposed Investment Architecture Review For the State’s Cash Accounts Discussion and Vote

IV. Other Matters of the Subcommittee

V. Public Comment

VI. Executive Session

VII. Next Meeting

VII. Adjournment

2022

AGENDA

I. Introductions – OST Organizational Chart

II. Approval of the Minutes – September 7, 2022

III. NEPC Performance Report

A. Presentation and Discussion of the 2022 3rd Quarter Investment Performance Analysis

IV. Investment Subcommittee Report

V. Banking Subcommittee Report

A. Merchant Services Project Discussion and Vote

1. PCI Compliance Presentation and Vote

2. CampusGuard Contract Update

B. Digital Government Update

C. Bank of America “BOA” Contract Update and Vote

VI. Review of 2023 Calendar Dates

VII. Annual Report

VIII. Other Matters of the Board

IX. Public Comment

X. Executive Session

XI. Next Meeting

XII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – August 10, 2022

III. General Banking Discussion

IV. Local Banking Discussion

A. Contract extension for PNC Bank Update

V. Merchant Services Discussion

A. PCI Compliance update

B. CampusGuard Contract Update

C. Digital Government Update

D. Bank of America “BOA” Contract Update and Vote

VI. Other Matters of the Subcommittee

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Call to Order

II. Architecture Allocation Review, Discussion, and Vote

III. Next Meeting

IV. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – August 3, 2022

III. Proposed Investment Architecture Review for the State’s Cash Accounts Discussion and Vote

IV. Other Matters of the Subcommittee

V. Public Comment

VI. Executive Session

VII. Next Meeting

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – June 1, 2022

III. NEPC Performance Report

A. Presentation and Discussion of the2022 2nd Quarter Investment Performance Report

B. Analysis of the Architecture Allocation Discussion and Vote

IV. Investment Subcommittee Report

A. Investment Manager Contract Extensions – Discussion and Vote

V. Banking Subcommittee Report

A. Local Banking Services Project Discussion and Vote

1. Contract extension for PNC Bank – Vote

B. Merchant Services Project Discussion and Vote

1. PCI Compliance

2. CampusGuard Contract – Vote

C. Digital Government Update

VI. Other Matters of the Board

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – May 11, 2022

III. Local Banking Discussion

A. Contract Extension for PNC Bank

IV. Merchant Services Discussion and Vote

A. PCI Compliance update

B. CampusGuard Contract

C. Digital Government RFP

V. Other Matters of the Subcommittee

VI. Public Comment

VII. Executive Session

VIII. Next Meeting

IX. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – May 4, 2022

III. Proposed Investment Architecture Review for the State’s Cash Accounts Discussion and Vote

IV. Investment Management Services Discussion and Vote

V. Other Matters of the Subcommittee

VI. Public Comment

VII. Executive Session

VIII. Next Meeting

IX. Adjournment

AGENDA

I. Introductions – OST Organizational Chart

II. Approval of the Minutes – March 9, 2022

III. NEPC Performance Report

IV. Investment Subcommittee Report

A. School and Special Fund Rate Calculation Presentation and Vote

V. Banking Subcommittee Report

A. General Banking Services Project Update

1. JP Morgan Chase – General Banking

2. JP Morgan Chase Contractual Discussion and Vote

B. US Bank – ReliaCard Prepaid Card (RC) Contract Amendment Update

C. Local Banking Services Update

D. Merchant Services Project Discussion

1. PCI Compliance Update

2. Digital Government Update

E. House Bills 371 and 372 – Delaware Marijuana Control Act Discussion

VI. Other Matters of the Board

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – February 9, 2022

III. Banking Services Project Discussion

A. JP Morgan Chase – General Banking

B. US Bank – ReliaCard Prepaid Reliacard Contract Amendment

IV. Local Banking Discussion

V. Merchant Services Discussion

A. PCI Compliance update

B. Digital Government RFP

VI. Other Matters of the Subcommittee

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – February 2, 2022

III. School and Special Fund Rate Calculation Discussion and Potential Vote

IV. Cares Act Fund Discussion

V. American Rescue Plan Act (ARPA) Discussion

VI. Other Matters of the Subcommittee

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions – OST Organizational Chart

II. Approval of the Minutes – December 1, 2021

III. NEPC Performance Report

A. Presentation and Discussion of the 2021 4th Quarter Investment Performance Analysis

B. Russia-Ukraine Market Update

IV. Investment Subcommittee Report

A. Investment Custodian Contractual Update

B. Investment Guidelines Change Update

C. Wilmington Trust IM Contract Assignment Request Discussion and Vote

D. Resolution No. 2022-1 Further Amending Investment Architecture for the State’s Cash Accounts

V. Banking Subcommittee Report

A. General Banking Services Project Update

1. JP Morgan Chase

2. US Bank – ReliaCard Prepaid Card (RC) Discussion and Vote

B. Local Banking Services Update

C. Merchant Services Project Update

1. PCI Compliance

2. Digital Government

D. House Bill 305- The Delaware Marijuana Control Act Discussion

VI. Other Matters of the Board

VII. Public Comment

VIII. Executive Session

IX. Next Meetings

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – November 10, 2021

III. General Banking Services Discussion and Vote

A. JP Morgan Chase – General Banking

B. MOTION to approve the first two-year term extension for US Bank ReliaCard contract

IV. Local Banking Discussion

V. Merchant Services Discussion

A. PCI Compliance

B. Digital Government RFP

VI. Other Matters of the Subcommittee

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – November 3, 2021

III. Investment Custodian Contractual Discussion

IV. Investment Guidelines Change Discussion

V. Resolution No. 2022-1 Further Amending Investment Architecture for the State’s Cash Accounts

A. Discussion and vote on amended architecture (liquidity-versus-reserve allocation and placement of the Budget Stabilization Fund)

VI. Cares Act Fund Discussion

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

2021

AGENDA

I. Introductions – OST Organizational Chart

II. Approval of the Minutes – August 25, 2021

III. FY21 Annual Report Discussion and Vote

IV. CY22 & CY23 CMPB Calendars Discussion

V. NEPC Performance Report

A. Presentation and Discussion of the 2021 3rd Quarter Investment Performance Analysis

B. Budget Reserve and Budget Stabilization Account Analysis

VI. Investment Subcommittee Report

A. Investment Custodian Contractual Update

B. Investment Guidelines Change Update

C. Resolution No. 2021-1 Further Amending Investment Architecture for the State’s Cash Accounts Update

1. Resolution No. 2021-1 Further Amending Investment Architecture for the State’s Cash Accounts – Redline

2. Resolution No. 2021-1 Further Amending Investment Architecture for the State’s Cash Accounts – Clean

VII. Banking Subcommittee Report

A. General Banking Services Project Update

1. JP Morgan Chase – General Banking

2. US Bank – ReliaCard Prepaid Card (RC)

B. Local Banking Services Update

1. PNC and BNYM Contract

C. Merchant Services Project Update

1. PCI Compliance

2. Digital Government

VIII. Telephonic Meeting Procedures Discussion and Vote

IX. Other Matters of the Board

X. Public Comment

XI. Executive Session

XII. Next Meeting

XIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – August 11, 2021 and August 18, 2021

III. Banking Services Project Discussion

A. JP Morgan Chase – General Banking

B. US Bank – ReliaCard Prepaid Stored Value Card (SVC)

IV. Local Banking Discussion

V. Merchant Services Discussion

A. PCI Compliance update

B. Digital Government RFP

VI. Other Matters of the Subcommittee

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – August 4, 2021

III. Investment Custodian Contractual Discussion

IV. Investment Guidelines Change Discussion

V. Resolution No. 2021-1 Further Amending Investment Architecture for the State’s Cash Accounts Discussion and Vote

A. Redline Version

B. Clean Version

VI. Other Matters of the Subcommittee

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – May 26, 2021

III. NEPC Performance Report

A. Presentation and Discussion of 2021 2nd Quarter Investment Performance Report

B. Scenario Analysis

IV. PFM Contract Assignment Discussion and Vote

V. Investment Guidelines Change Discussion and Vote

VI. Investment Subcommittee Report

A. Investment Custodian RFP Discussion and Vote

B. American Rescue Plan Act (ARPA) Discussion

VII. Banking Subcommittee Report

A. General Banking Services Project Discussion

B. Local Banking Services

1. PNC and BNYM Contract Discussion and Vote

C. Merchant Services Project Discussion

1. PCI Compliance

2. Digital Government RFP Discussion and Vote

a. Recommendation Memo

b. Contract Summary

VIII. Telephonic Meeting Procedures Discussion and Vote

IX. Other Matters of the Board

X. Public Comment

XI. Executive Session

XII. Next Meeting

XIII. Adjournment

AGENDA

I. Call to Order

II. Discussion and Vote on Digital Government Vendor(s)

A. Recommendation Memo

B. Contract Summary

III. Next Meeting

IV. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – May 12, 2021

III. General Banking Project Discussion

A. JP Morgan Chase – General Banking

B. US Bank – ReliaCard Prepaid Stored Value Card (SVC)

IV. Local Banking Project Discussion and Potential Vote

V. Merchant Services Project Discussion and Vote

A. PCI Compliance update

B. Digital government RFP update

VI. Other Matters of the Subcommittee

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – May 5, 2021

III. Investment Custodian RFP Discussion and Vote

IV. PFM Contract Assignment Discussion and Vote

V. Investment Guidelines Change Discussion

VI. CARES Act Fund Discussion

VII. American Rescue Plan Act (ARPA) Update

VIII. Other Matters of the Subcommittee

IX. Public Comment

X. Executive Session

XI. Next Meeting

XII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes

III. NEPC Performance Report

A. Presentation and Discussion of 2021 1st Quarter Investment Performance Report

IV. Investment Subcommittee Report

A. Investment Custodian RFP Update

B. American Rescue Plan Act (ARPA) Discussion and Vote

C. School and Special Fund Rate Calculation Update and Vote

D. Endowment Portfolio Update and Vote

V. Banking Subcommittee Report

A. General Banking Services Project Update

B. Local Banking Service Update

C. Merchant Services Project Update

1. PCI Compliance

2. Digital Government RFP Update

3. Extension of Payment Gateway Contract with Govolution Update and Vote

VI. Other Matters of the Board

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – February 10, 2021

III. Banking Services Project Discussion

A. JP Morgan Chase – General Banking

B. US Bank -ReliaCard Prepaid Stored Value Card (SVC)

IV. Local Banking Project Discussion

V. Merchant Services Discussion and Vote

A. PCI Compliance update

B. Digital government RFP update

C. Vote on Extension of Payment Gateway Contract with Govolution

VI. Other Matters of the Subcommittee

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – February 3, 2021

III. Investment Custodian RFP Discussion

IV. Endowment Portfolio Discussion and Potential Vote

V. Fixed Income Manager Memo Discussion 

A. Guideline Recommendations

VI. CARES Act Fund Discussion

VII. American Rescue Plan Act (ARPA) Discussion and Potential Vote

VIII. School and Special Fund Rate Calculation Discussion and Vote

IX. Other Matters of the Subcommittee

X. Public Comment

XI. Executive Session

XII. Next Meeting

XIII. Adjournment

AGENDA

I. Introductions – OST Organizational Chart

II. Approval of the Minutes – December 2, 2020

III. NEPC Performance Report

A. Presentation and Discussion of 2020 4th Quarter Investment Performance Report

IV. Investment Subcommittee Report

A. Investment Custodian RFP Update and Vote

B. Investment Guidelines Change Update

C. CARES Act Fund Update

V. Banking Subcommittee Report

A. General Banking Services Project Update

B. Local Banking Service Update

1. M&T, Citizens and TD Bank Implementation Status

2. WSFS Contract Status

C. Merchant Services Project Update

1. PCI Compliance

2. Digital Government RFP Update

VI. Other Matters of the Board

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – November 4, 2020

III. Investment Custodian RFP Discussion and Vote

IV. Investment Guidelines Change Discussion

V. CARES Act Fund Discussion

VI. Other Matters of the Subcommittee

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

2020

AGENDA

I. Introductions

II. Approval of the Minutes – August 26, 2020

III. NEPC Performance Report

A. Presentation and Discussion of 2020 3rd Quarter Investment Performance Report

B. 144a Securities Update

IV. Investment Subcommittee Report

A. Endowment Manager Update

1. Vanguard Summary

2. SEI Summary

B. Investment Guidelines Change Update Discussion and Vote

1. Investment Guidelines Regulatory Implementing Order

C. CARES Act Fund Update

D. Investment Advisor Contract Update

V. Banking Subcommittee Report

A. General Banking Services Project Update

B. PNC and BNYM Contract Extension Update

C. Local Banking Service Update

1. M&T Bank Contract Status

2. Citizens Bank Contract Status

3. TD Bank Contract Status

4. WSFS Contract Status

D. Merchant Services Project Update

1. PCI Compliance

2. Merchant Services Consultant

3. Merchant Processor and Gateway Contract Extension

4. Digital Government RFP Update

VI. Other Matters of the Board

A. Discussion and Vote on FY 20 Annual Report

B. Discussion of 2021, 2022, and 2023 Board Calendars

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – August 12, 2020

III. General Banking Project Discussion

A. JP Morgan Chase – General Banking

B. PNC and BNYM contract extension update

IV. Local Banking Project Discussion

A. M&T Bank contract status

B. Citizens Bank contract status

C. TD Bank contract status

D. WSFS contract status

V. Merchant Services Project Discussion

A. PCI Compliance update

B. Merchant services consultant update

C. Merchant processor and gateway contract extension update

D. Digital government RFP update

VI. Other Matters of the Subcommittee

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – August 5, 2020

III. Endowment Manager Contract Discussion

A. Vanguard Summary

B. SEI Summary

IV. Investment Guidelines Change Discussion

V. CARES Act Fund Investment Options Discussion

VI. Investment Advisor Contract Discussion

VII. Other Matters of the Subcommittee

VIII. Public Comment

IX. Executive Session

X. Next Meeting

XI. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – May 27, 2020

III. NEPC Performance Report

A. Budget Stabilization Account Reserve Analysis

B. Budget Reserve Account Reserve Analysis

C. 2020 2nd Quarter Investment Performance Report

IV. Investment Subcommittee Report

A. Endowment Manager Discussion

1. Vanguard Endowment Contract Summary

2. SEI Endowment Contract Summary

B. CARES Act Fund Discussion

C. Investment Guideline Discussion and Vote

1. Memo Regarding Potential Changes

2. Cash Management Policy Board Investment Guidelines (Redline)

D. Investment Advisor RFP Finalist Discussion and Vote

V. Banking Subcommittee Report

A. General Banking Services Discussion and Vote

B. Local Banking Services Discussion

C. Merchant Services Discussion and Vote

VI. Other Matters of the Board

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – May 13, 2020

III. Banking Services Project Discussion and Vote

A. Stored Value Card – US Bank

B. JP Morgan Chase – General Banking

C. Extension of PNC Contract

IV. Local Banking Discussion

A. M & T Bank Contract Status

B. Citizens Bank Contract Status

C. TD Bank Contract Status

D. WSFS Contract Status

E. Merchant Processor and Gateway Contract

V. Merchant Services Discussion and Vote

A. PCI Compliance Update

B. Merchant Processing and Gateway Solutions Consultant RFP

C. Merchant Processor and Gateway Contract

VI. Other Matters of the Subcommittee

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – May 6, 2020

III. Endowment Manager Contracts Discussion

A. Vanguard Endowment Contract Summary

B. SEI Endowment Contract Summary

IV. Investment Guideline Change Discussion and Vote

A. Memo Regarding Guideline Changes

B. Cash Management Policy Board Investment Guideline Changes (Redline)

V. CARES Act Fund Discussion

VI. Investment Advisor RFP Finalist Discussion and Vote

A. Memo Regarding Investment Advisor RFP Recommendation

B. NEPC Contract Summary

VII. Other Matters of the Subcommittee

VIII. Public Comment

IX. Executive Session

X. Next Meeting

XI. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – February 26, 2020

III. NEPC Performance Report

A. Presentation and Discussion of 2020 1st Quarter Investment Performance Report

IV. Investment Subcommittee Report

A. Endowment Manager RFP Update and Vote

B. Investment Architecture Update and Vote

C. Guidelines for CARES Act Funds Update and Vote

D. Reserve Manager Communication Update and Vote

E. Investment Advisor RFP Update

V. Banking Subcommittee Report

A. General Banking Services Update

B. Local Banking Services Update

C. PFM Contract Update

D. Merchant Services Contract Update and Potential Vote

VI. Other Matters of the Board

A. Banking Subcommittee Co-Chair Appointment Update and Vote

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes

III. Banking Services Project Discussion

A. JP Morgan Chase – General Banking Update and Project Plan

B. Stored Value Card – US Bank

IV. PFM Contract Discussion and Possible Vote

A. Use of Remaining Contractual Funds

V. Local Banking Discussion

A. M&T Bank Contract Status

B. Status of Remaining Contract Awards

VI. Merchant Services Discussion

A. PCI Compliance Update

B. RFP For a Merchant Processing and Gateway Solutions Consultant

C. Assignment of Merchant Processor Contract

VII. Executive Session

VIII. Next Meeting

IX. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – April 14, 2020

III. Endowment Manager RFP Discussion and Vote

IV. Recent Downgrades Discussion and Vote

V. Investment Architecture Discussion and Vote

A. Delaware Cash Management Policy Board 2020-1 Draft (Redline)

B. Delaware Cash Management Policy Board 2020-1 Draft (Clean)

VI. Guidelines for CARES Funds Discussion and Vote

VII. Investment Advisor RFP Update

VIII. Other Matters of the Board

IX. Public Comment

X. Executive Sessions

XI. Next Meeting

XII. Adjournment

AGENDA

I. Introductions

II. Approval of Minutes – February 5, 2020

III. Cash Flow and Portfolio Balance Discussion and Review

A. Long Range Scenario Analysis

B. Short-term Liquidity Analysis

IV. Recent Downgrades Discussion and Review

V. Investment Architecture Discussion and Review

VI. Other Matters of the Board

VII. Public Comment

VIII. Executive Sessions

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – December 4, 2019

III. NEPC Performance Report

IV. Investment Subcommittee Report

A. Investment Guidelines Update

B. Endowment Manager RFP Update

C. Discussion and Vote on Investment Consultant RFP

V. Banking Subcommittee Report

A. Banking Services Project Update

B. PCI Remediation Discussion

C. Merchant Services Consultant RFP Discussion and Action

D. Epilogue Language Discussion and Action

VI. Other Matters of the Board

A. Discussion of 2021, 2022, and 2023 Board Calendars

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Call to Order

II. Epilogue Language Discussion

III. Next Meeting

IV. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – November 13, 2019

III. Banking Services Project Discussion/Action Items

A. Stored Value Card – US Bank

B. JP Morgan Chase – General Banking

C. M & T Bank – Local Banking

IV. Local Banking Discussion/Action Items

A. M & T Bank contract status

V. Merchant Services Updates and Discussion/Action Items

A. PCI RFP and Remediation Update

B. Merchant Services Consultant RFP Update

C. Epilogue Language Discussion

VI. Executive Session

VII. Next Meeting

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – November 6, 2019

III. Investment Guidelines Update

IV. Endowment Manager RFP Update

V. Investment Consultant RFP

VI. Other Matters of the Board

VII. Next Meetings

VIII. Adjournment

2019

AGENDA

I. Introductions

A. Approval of the Minutes

1. Minutes for August 28, 2019

II. NEPC Performance Report

A. Presentation and Discussion of 2019 2nd Quarter Investment Performance Report

III. Investment Subcommittee Report

A. Discussion and Vote on Investment Guideline Changes

B. Discussion and Vote on Investment Consultant Contract Extension

IV. Banking Subcommittee Report

A. Presentation and Discussion of Banking Transition Updates

B. Discussion and Vote on Banking Contract Extensions

C. Discussion and Vote on Banking Consultant Contract Extension

D. Presentation and Discussion of Merchant Services Project Update

V. Other Matters of the Board

i. Discussion and Vote on FY 2019 Annual Report

ii. Discussion of 2020 Board Calendar

VI. Public Comment

VII. Executive Session

VIII. Next Meeting

A. February 26, 2020

IX. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – August 14, 2019

III. Banking Services Project Update

IV. Local Banking Update

V. Merchant Services Update

VI. Action Items

VII. Executive Session

VIII. Next Meeting

IX. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – August 7, 2019

III. Investment Accounts Update

IV. Investment Consultant Contract Extension

V. Executive Session

VI. Next Meeting

VII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – May 22, 2019

III. NEPC Performance Report

IV. Investment Subcommittee Report

A. Delaware Budget Reserve Account Reserve Analysis

V. Banking Subcommittee Report

A. Merchant Services Memo

B. Local Bank RFP Award Recommendations

VI. Other Matters of the Board

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – May 8, 2019

III. Banking Services Project Update

IV. Local Bank RFP

V. Merchant Services

VI. Action Items

VII. Executive Session

VIII. Next Meeting

IX. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – May 1, 2019

III. Investment Accounts Update

A. Final Draft Revisions of Statement of Objectives and Guidelines for the Investment of State of Delaware Funds

B. 2019 08 Rule 144A Securities Memo

C. 2019 05 Supranational Institution Investments

IV. Custodian Contract Extension

V. Other Matters of the Board

VI. Executive Session

VII. Next Meeting

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – February 27, 2019

III. NEPC Performance Report

IV. Investment Subcommittee Report

V. Banking Subcommittee Report

A. JPM Banking Contract Summary

VI. Other Matters of the Board

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – February 13, 2019

III. Banking Services Project Update

IV. Local Bank Project

V. Merchant Services Project Update

VI. Executive Session

VII. Next Meeting

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – November 7, 2018

III. Investment Accounts Update

IV. Investment Architecture Update

V. Executive Session

VI. Next Meeting

VII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes

A. Minutes of the November 28, 2018 meeting

B. Minutes of the May 14, 2018 meeting

III. NEPC Performance Report

IV. Investment Subcommittee Report

V. Banking Subcommittee Report

VI. Other Matters of the Board

A. Review and approval of FY 2018 CMPB Annual Report

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – November 14, 2018

III. Banking Services Project Update

IV. Merchant Services Project Update

V. Action Items

VI. Executive Session

VII. Next Meeting

VIII. Adjournment

2018

AGENDA

I. Introductions

II. Approval of the Minutes – August 22, 2018

III. NEPC Performance Report

A. 2018 3rd Quarter Investment Performance Analysis

B. Delaware Land & Water Manager Review

IV. Investment Subcommittee Report

V. Banking Subcommittee Report

VI. Update on OST Administration Transition

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

A. 2019 CMPB Meetings

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – August 8, 2018

III. Merchant Services Integration Update

IV. Banking Structure Review Project Update

V. Action Items

VI. Executive Session

VII. Next Meeting

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – August 1, 2018

III. Endowment Portfolio Review

IV. Contract Extensions

V. Executive Session

VI. Next Meeting

VII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – May 23, 2018

III. NEPC Performance Report

A. 2018 2nd Quarter Investment Performance Analysis

B. Delaware Budget Reserve Account ‘Rainy Day Fund’ Reserve Analysis

IV. Investment Subcommittee Report

V. Banking Subcommittee Report

VI. Other Matters of the Board

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – May 9, 2018

III. Merchant Services Implementation

A. Banking Services Contract Extensions

B. Payment Card Industry (PCI) Compliance

IV. Banking Structure Review Project Update

V. Action Items

VI. Executive Session

VII. Next Meeting

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – May 2, 2018

III. Investment Architecture Conversion Update

IV. Investment Accounts Update

V. Executive Session

VI. Next Meeting

VII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – February 28, 2018

III. NEPC Performance Report

IV. Investment Subcommittee Report

A. School and Special Fund Interest Memo

B. Delaware Transition Update Memo

V. Banking Subcommittee Report

VI. Other Matters of the Board

A. FY17 CMPB Annual Report

VII. Public Comment

VIII. Executive Session

IX. Next Meeting

X. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – February 14, 2018

III. Banking Structure Review Project Update

IV. Merchant Services Implementation

V. Action Items

A. CMPB Guidelines with DBA Revisions

B. Draft Order Approving CMPB Guidelines

C. State Treasurer Collateralization of Public Funds

D. State Treasurer Collateralization of Public Funds – OST Response

VI. Executive Session

VII. Next Meeting

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – February 7, 2018

III. Liquidity and Reserve Managers Update

IV. Investment Accounts Update

V. School and Special Funds Rate Review

VI. Executive Session

VII. Next Meeting

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes

A. January 11, 2018

B. November 15, 2017

III. NEPC Performance Report

IV. Investment Subcommittee Report

V. Banking Subcommittee Report

VI. Next Meeting

VII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – November 18, 2017

III. Banking Structure Review Project Update

A. Banking Structure Review Project February 2018

B. Structural Review and Recommendations Related to the State’s Banking Architecture

IV. Merchant Services Implementation

V. Action Items

VI. Executive Session

VII. Next Meeting

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes

A. January 11, 2018

B. November 1, 2017

III. Liquidity and Reserve Managers Update

IV. Endowment Investment Accounts Update

V. Action Items

A. Proposed change to the Cash Management Policy Board’s Statement of Objectives and Guidelines for the Investment of State of Delaware Funds

B. Resolution No. 2018-1

VI. Executive Session

VII. Next Meeting

VIII. Adjournment

AGENDA

I. Introductions

II. Proposed Investment Managers Interviews

III. Investment Architecture Discussion

IV. Action Items

V. Executive Session

VI. Next Meeting

VII. Adjournment

2017

AGENDA

I. Introductions

II. Approval of the Minutes

A. July 13, 2017

B. May 24, 2017

III. Investment Subcommittee

A. Approval of Board Resolution 2017-1 Approving and Memorializing Investment Architecture for the State’s Cash Accounts

B. NEPC Performance Review

C. Investment Managers RFP

IV. Banking Subcommittee

V. Public Comment

VI. Next Meeting

VII. Adjournment

AGENDA

I. Introductions

A. CMPB Banking Subcommittee Presentation

II. Approval of the Minutes – August 22, 2017

III. Banking Structure Review Project Update

IV. Collateralization of State Funds

V. Merchant Services Implementation

VI. Public Comment

VII. Action Items

VIII. Next Meeting

IX. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – August 9, 2017

III. Investment Managers RFP

IV. Portfolio Valuation Methods

V. Investment Accounts Update

VI. Public Comment

VII. Action Items

VIII. Next Meeting

IX. Adjournment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



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